VD
Veegaland Developers Limited IPO
Real Estate Development · Residential & Mixed-Use · Multi-Stage Projects · Kerala
📋 Mainline IPO
Fresh Issue Only
NSE, BSE
₹140
Upper Price
₹210.00 Cr
Issue Size
Sep 18, 2026
Listing Date
₹472.50 Cr
Market Cap (Pre)
📅 IPO Timetable
All dates tentative🟢
IPO Opens
Thursday, 10 September 2026
Bidding starts — apply before close
🔒
IPO Closes
Tuesday, 15 September 2026
Last day to bid — closes at 5:00 PM IST
📊
Basis of Allotment
Wednesday, 16 September 2026
Allotment finalised by registrar
🔄
Refund & Share Credit
Thursday, 17 September 2026
Unallotted funds returned; shares credited to demat
🏷️
Friday, 18 September 2026
Trading begins from 10:00 AM IST
📋 IPO Details
IPO Open Date10 September 2026 (Thu)
IPO Close Date15 September 2026 (Tue)
Listing Date18 September 2026 (Fri)
Face Value₹10 per share
Price Band₹130 to ₹140
Issue Price (Upper Band)₹140 per share
Issue TypeBook Build — Fresh Issue Only
Lot Size107 shares
Total Issue Size1,50,00,000 shares (₹210.00 Cr)
Fresh Issue1,50,00,000 shares (₹210.00 Cr)
Offer for Sale (OFS)0 shares (₹0 Cr)
Pre-Issue Shares3,37,50,000
Post-Issue Shares4,87,50,000
Promoter Holding (Pre)92.00%
Market Cap (Pre-IPO)₹472.50 Cr
Listing ExchangeNSE, BSE
Lead ManagerCumulative Capital Pvt.Ltd.
RegistrarMUFG Intime India Pvt.Ltd.
💰 Lot Size & Minimum Investment
At upper price ₹140| Investor Type | Lots | Shares | Amount |
|---|---|---|---|
| Retail — Minimum | 1 | 107 | ₹14,980 |
| Retail — Maximum | 13 | 1,391 | ₹1,94,740 |
| S-HNI (sNII) — Min | 14 | 1,498 | ₹2,09,720 |
| S-HNI (sNII) — Max | 66 | 7,062 | ₹9,88,680 |
| B-HNI (bNII) — Min | 67 | 7,169 | ₹10,03,660 |
⚠️ Note: Investors can bid for a minimum of 107 shares and in multiples thereof. Retail individual investors can apply up to ₹2,00,000.
👥 Investor Reservation
Allocated portion of Net OfferNot more than 50%
QIB Portion
Not less than 35%
Retail Portion
Not less than 15%
NII Portion
📊 Subscription Status
Loading…
📈 Company Financials
Restated Consolidated · ₹ Crore| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total Assets | 483.81 | 326.65 | 221.01 |
| Total Income | 254.16 | 196.22 | 114.61 |
| PAT | 26.61 | 20.43 | 7.87 |
| EBITDA | 42.64 | 33.77 | 16.72 |
| Net Worth | 266.90 | 65.44 | 45.07 |
| Reserves & Surplus | 233.15 | 60.44 | 40.07 |
| Total Borrowing | 85.59 | 176.97 | 120.23 |
Income Growth
FY 2023–24₹114.61 Cr
FY 2024–25₹196.22 Cr
FY 2025–26₹254.16 Cr
🎯 Key Performance Indicators
16.02%
ROE
FY 2025–26
0.32
Debt/Equity
FY 2025–26
11.89%
ROCE
FY 2025–26
10.47%
PAT Margin
FY 2025–26
16.78%
EBITDA Margin
FY 2025–26
16.02%
RoNW
FY 2025–26
1.77x
Price/Book
FY 2025–26
79.08
NAV
FY 2025–26
⚖️ Valuation & EPS
Pre-IPO EPS
₹7.89
FY26 earnings + pre-issue shares
P/E: 17.74xPost-IPO EPS
₹5.46
FY26 earnings + post-issue shares
P/E: 25.64xPrice to Book Value
1.77x
At upper price band ₹140
Market Cap (Pre-IPO)
₹472.50 Cr
At issue price ₹140
ℹ️
Pre-IPO EPS (₹7.89) based on pre-issue shares (3,37,50,000) and FY26 restated PAT (₹26.61 Cr). Post-IPO EPS (₹5.46) accounts for the dilution resulting from the issuance of 1,50,00,000 fresh equity shares extending the total post-issue equity to 4,87,50,000 shares. Post-IPO Market Cap expands to ₹682.50 Cr at the issue price of ₹140.
🎯 Objects of the Issue
Net proceeds utilisation1
Funding a part of the expense to be incurred in the development of Ongoing Projects and Upcoming Projects
₹119.83 Cr
2
Funding unidentified acquisition of land and general corporate purposes
Balance
Total Fresh Issue Goal
₹210.00 Cr
🏢 About Veegaland Developers Ltd.
Est. 2007 · Ernakulam, Kerala · Real Estate & ConstructionVeegaland Developers Limited, incorporated in 2007 and promoted by renowned industrialist Kochouseph Thomas Chittilappilly, is a premier real estate development company in South India focusing on high-quality residential, commercial, and mixed-use properties. The company undertakes the end-to-end planning, architectural design, construction execution, and life-cycle property management.
The business maintains a robust, balanced multi-stage development portfolio comprising 10 Completed Projects, 12 Ongoing Projects, and 3 Upcoming Developments. As of June 30, 2026, the company had successfully delivered 11.05 lakh sq. ft. of saleable area across 692 residential units. Veegaland operates on a process-driven development framework emphasizing sustainable construction practices, high engineering standards, and robust customer absorption supported by 127 full-time professionals.
Brand Ecosystem
🏢
Residential Development
Delivered 11.05 lakh sq. ft. of prime saleable area across 692 housing units in Kerala
🏗️
Ongoing & Pipeline Projects
Active portfolio of 12 ongoing projects and 3 planned developments across prime urban micro-markets
🌿
Sustainable Construction
Process-driven architecture, eco-friendly execution, and strict compliance with real estate regulatory norms
🤝
Promoter Pedigree
Backed by the trusted legacy of Kochouseph Chittilappilly (founder of V-Guard and Wonderla)
Competitive Strengths
🏆Established track record of timely completion and strong sales absorption across completed and ongoing projects
🗺️Integrated land acquisition approach and a balanced, multi-stage development portfolio
⚙️Integrated and process-driven development model covering the entire project lifecycle
📈Consistent financial growth with 30% revenue expansion and low leverage (0.32 Debt/Equity) in FY26
Company Promoters
KC
Kochouseph Thomas Chittilappilly
Promoter, Veegaland Developers Ltd.
KT
K.Chittilappilly Trust
Promoter Entity, Veegaland Developers Ltd.
📅 Key Dates
IPO Opens10 Sep 2026
IPO Closes15 Sep 2026
Allotment16 Sep 2026
Refund & Share Credit17 Sep 2026
Listing Day18 Sep 2026
💡 Quick Summary
Price Band₹130 – ₹140
Upper Price₹140 / share
Lot Size107 shares
Min. Investment (Retail)₹14,980
Issue Size₹210.00 Cr
ListingBSE, NSE
🏦 Registrar & Lead Manager
Lead Manager
Cumulative Capital Pvt.Ltd.
📍 Registered Address
Veegaland Developers Ltd.
XXXV/564, 4th Floor, K C F Tower,
Bharat Matha College Road, Kakkanadu,
Thrikkakara, Ernakulam, Kerala — 682021
📞 +91 484 258 4000
[email protected]
XXXV/564, 4th Floor, K C F Tower,
Bharat Matha College Road, Kakkanadu,
Thrikkakara, Ernakulam, Kerala — 682021
📞 +91 484 258 4000
[email protected]
🛡️ Regulatory Note: Mainline IPO investments are subject to SEBI regulations. Always read the Prospectus/RHP before applying. Consult a SEBI-registered advisor before investing.
⚠️
Disclaimer: This page presents publicly available information from the Veegaland Developers IPO RHP for informational purposes only. It does not constitute investment advice. IPO investments are subject to market risk. Please read all offer documents and consult a SEBI-registered advisor before investing.
📊
Track Veegaland Developers IPO 2026: Price Band, GMP, Allotment & Listing Date GMP
Check real-time grey market premium, daily GMP history & estimated listing price.
Check GMP →